Humana
Humana, a leading managed health care company, was founded by David A. Jones Sr. and Wendell Cherry in 1961 as a nursing home company called Extendicare. In 1961 two lawyers in Louisville, Kentucky, built a nursing home, pledging $1,000 apiece together with four friends. Wendell Cherry and David Jones--cofounders of that first home, Heritage House--were soon approached with other offers to buy and build nursing homes. Expansion was rapid in the first seven years, and the two men added facilities in Kentucky, Virginia, and Connecticut. With the establishment of Medicare and Medicaid in the mid-1960s, the industry grew quickly. Slightly ahead of the pack in what was to become the most rapidly expanding sector of the nation's economy, Jones …show more content…
State based contracts include those with various states to provide Medicaid, dual eligible, and Long-term Support Services benefits. In addition, this segment also includes the Company’s contract with the Centers for Medicare and Medicaid Services to administer the Limited Income newly Eligible Transition prescription drug plan program.
The Group and Specialty segment consists of employer group fully insured commercial medical products and specialty health insurance benefits marketed to individuals and groups, including dental, vision, and other supplemental health and voluntary insurance benefits. In addition, the segment also includes the Company’s administrative services only products and its military services businesses, primarily the TRICARE South Region contract.
The company’s Healthcare Services segment includes services offered to the Company’s health plan members as well as to third parties, including pharmacy solutions, provider services, and clinical programs, such as home health and other services and capabilities to promote wellness and advance population
Humana, a leading managed health care company, was founded by David A. Jones Sr. and Wendell Cherry in 1961 as a nursing home company called Extendicare. In 1961 two lawyers in Louisville, Kentucky, built a nursing home, pledging $1,000 apiece together with four friends. Wendell Cherry and David Jones--cofounders of that first home, Heritage House--were soon approached with other offers to buy and build nursing homes. Expansion was rapid in the first seven years, and the two men added facilities in Kentucky, Virginia, and Connecticut. With the establishment of Medicare and Medicaid in the mid-1960s, the industry grew quickly. Slightly ahead of the pack in what was to become the most rapidly expanding sector of the nation's economy, Jones …show more content…
State based contracts include those with various states to provide Medicaid, dual eligible, and Long-term Support Services benefits. In addition, this segment also includes the Company’s contract with the Centers for Medicare and Medicaid Services to administer the Limited Income newly Eligible Transition prescription drug plan program.
The Group and Specialty segment consists of employer group fully insured commercial medical products and specialty health insurance benefits marketed to individuals and groups, including dental, vision, and other supplemental health and voluntary insurance benefits. In addition, the segment also includes the Company’s administrative services only products and its military services businesses, primarily the TRICARE South Region contract.
The company’s Healthcare Services segment includes services offered to the Company’s health plan members as well as to third parties, including pharmacy solutions, provider services, and clinical programs, such as home health and other services and capabilities to promote wellness and advance population